Advanced Drainage Systems (WMS) Lifted to “B-” at TheStreet

Advanced Drainage Systems (NYSE:WMS) was upgraded by TheStreet from a “c+” rating to a “b-” rating in a note issued to investors on Tuesday.

Several other equities analysts also recently commented on WMS. Zacks Investment Research raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Wednesday. Barclays set a $25.00 price objective on shares of Advanced Drainage Systems and gave the company a “hold” rating in a research note on Monday. Robert W. Baird increased their price objective on shares of Advanced Drainage Systems from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. ValuEngine raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. Finally, Citigroup began coverage on shares of Advanced Drainage Systems in a research note on Wednesday, November 29th. They issued a “neutral” rating and a $26.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Advanced Drainage Systems currently has a consensus rating of “Hold” and a consensus price target of $25.40.

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Advanced Drainage Systems (NYSE:WMS) opened at $26.90 on Tuesday. The company has a market cap of $1,530.32, a P/E ratio of 51.32 and a beta of 1.00. The company has a debt-to-equity ratio of 2.44, a current ratio of 2.10 and a quick ratio of 1.32. Advanced Drainage Systems has a 52 week low of $17.90 and a 52 week high of $27.30.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Thursday, February 8th. The construction company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.27. The business had revenue of $320.83 million during the quarter, compared to the consensus estimate of $320.41 million. Advanced Drainage Systems had a net margin of 3.67% and a return on equity of 45.42%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 EPS. equities analysts expect that Advanced Drainage Systems will post 0.57 earnings per share for the current year.

In other news, COO Thomas M. Fussner sold 20,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $26.63, for a total transaction of $532,600.00. Following the completion of the transaction, the chief operating officer now owns 560,640 shares of the company’s stock, valued at $14,929,843.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Ronald R. Vitarelli sold 5,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $23.04, for a total transaction of $115,200.00. Following the transaction, the chief operating officer now directly owns 54,698 shares of the company’s stock, valued at approximately $1,260,241.92. The disclosure for this sale can be found here. Insiders have sold 43,325 shares of company stock valued at $1,081,553 in the last ninety days. Insiders own 21.43% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC raised its stake in shares of Advanced Drainage Systems by 13.9% during the second quarter. Lord Abbett & CO. LLC now owns 1,152,458 shares of the construction company’s stock valued at $23,164,000 after acquiring an additional 140,252 shares during the last quarter. Berkshire Partners LLC raised its stake in shares of Advanced Drainage Systems by 154.4% during the third quarter. Berkshire Partners LLC now owns 5,257,355 shares of the construction company’s stock valued at $106,461,000 after acquiring an additional 3,191,003 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Advanced Drainage Systems during the second quarter valued at $1,339,000. First Financial Bank Trust Division bought a new position in shares of Advanced Drainage Systems during the third quarter valued at $527,000. Finally, GSA Capital Partners LLP raised its stake in shares of Advanced Drainage Systems by 142.4% during the third quarter. GSA Capital Partners LLP now owns 74,970 shares of the construction company’s stock valued at $1,518,000 after acquiring an additional 44,039 shares during the last quarter. 81.88% of the stock is owned by hedge funds and other institutional investors.

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About Advanced Drainage Systems

Advanced Drainage Systems, Inc is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States.